News Coinbase CEO Accuses SEC of Using 'Intimidation Tactics' to Regulate Crypto

[Admin]

Coinbase CEO Brian Armstrong accused the SEC of using "intimidation tactics" to regulate the crypto industry.

Coinbase CEO Accuses SEC of Using 'Intimidation Tactics' to Regulate Crypto : Read more

 

[InvalidError]

Friction between crypto and government agencies intensifies as expected.

 

[ThatMouse]

Why would anyone listen to what Armstrong has to say? Coinbase is a company that is crumbling under its own mismanagement. They are facing lawsuits and complaints with the SEC, FTC, and FBI. People are getting locked out of their accounts. There is no support. There is no way to contact Coinbase, and here we have the CEO tweeting acting like nothing is wrong. They are paying customers off with free crypto to get them to stay with them.

Sources:
https://www.bbb.org/us/ca/san-francisco/profile/financial-services/coinbase-inc-1116-454104

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[husker]

I doubt that the government ever expected to approve this. It was clearly intended as a way to get the company to willingly hand over records which can then be used to look into other misdoings.